PeerStreet Moves into Shorter Term “Cash Offer Loans” for Property Investors

Real estate investment platform PeerStreet has announced the addition of a new investment option: “Cash Offer Loans.”

According to PeerStreet, these Cash Offer Loans are an investment option that allows investors access to a security with a shorter duration than current bridge loans. Investors may now view these loans with differing yields based upon the investments’ risk profiles. Terms run from as short as 30 days and up to 36 months. Current rates of return on not viewable for non-registered users of PeerStreet but overall historical returns on the PeerStreet platform have ranged from 6% to 9% annually.

PeerStreet COO Brett Crosby said their goal has always been to level the playing field between Wall Street and Main Street when it comes to real estate investing.

“So we want to bring as much variety and diversification to our investors as we can and help them invest in real estate backed loans effortlessly – Cash Offer Loans is our newest addition to this end,” stated Crosby.

For homebuyers, PeerStreet says that Cash Offer Loans provide a better chance of purchasing their next home by effectively allowing an all cash offer.

PeerStreet believes they are helping families buy the homes they want to live in without having loan contingencies on their purchase.

John Devereux, Chief Real Estate Officer at PeerStreet, said they are very excited with the new offering for their investors.

 “We’re committed to progressing innovation in real estate, and when we see innovations happening in other areas – such as home buying – we think about how to potentially bring the benefits to our users, at the same time as contributing to the improvement of the industry as a whole.”

The real estate crowdfunding platform was founded in 2013. The PeerStreet marketplace allows accredited investors the ability to invest in fixed income assets tied to property. To date, PeerStreet has had over $1 billion invested in loans via their platform.


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote

Send this to a friend